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Business News

Location American Business News for 29 August 2015
A look inside SeekingArrangement, a website that promises to help young women find 'sugar daddies' GQ has just published a fascinating glimpse into SeekingArrangement.com, a "sugar daddy" dating website that lets older, wealthy men meet younger girls. There's still a taboo around an older man paying lavishly for the c...
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American Airlines, CA, Coach, and Paccar Look Like Bargains American Airlines, CA, Coach and Paccar shares are cheap. All pay dividends, too.
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PayPal Shares Could Rise 40% as Digital Wallets Proliferate The former eBay unit's shares have dropped since the recent spinoff, but the company has loads of opportunities and cash to grow.
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The rich and powerful are going crazy over these luxury SUVs with bathrooms and cable TV Click for the story > Join the conversation about this story »
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Felix Zulauf Sees Markets Falling Further

Barron's - 29 Aug 2015 08:14
Felix Zulauf Sees Markets Falling Further Felix Zulauf expects China's yuan to lose up to 30% of its value, leading to more turmoil for stocks and a possible banking crisis in Asia.
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Typhoon of Fear Roils Bonds, Too

Barron's - 29 Aug 2015 07:57
Funds at Janus, Loomis Sayles take big hits early in week. Treasuries, surprisingly, fail to benefit from "flight to quality."
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UK prosecutors mull charges for News Corp. over hacking

Business Insider - 29 Aug 2015 12:30
LONDON (AP) -- British prosecutors are considering corporate charges against Rupert Murdoch's News Corp. over phone hacking at the now-defunct News of the World tabloid. London's Metropolitan Police said Saturday it had ...
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Fannie Mae and Freddie Mac settlements loom on horizon

New York Post - 29 Aug 2015 08:40
Fannie Mae and Freddie Mac settlements loom on horizon The Obama administration may be close to calling a truce with aggrieved shareholders of Fannie Mae and Freddie Mac. Shares of the mortgage-financing giants jumped on Friday after an influential...
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Armed guards stationed at American Apparel HQ amid rising tensions American Apparel workers say they feel more like prisoners than employees. The troubled Los Angeles-based retailer has become a fortress over the past several weeks, they say, as tensions between...
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Apple Music Executive Ian Rogers Resigns: Is Something Out Of Tune? Ian Rogers has resigned. He is a key figure in Apple Music so, with him out, will the music streaming service be negatively affected?
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Berkshire Hathaway Inc. (BRK.A) Reveals $4.50 Billion Stake In Phillips 66 (PSX) Warren Buffet, the billionaire investor, is back in energy space, increasing his bet on the sector through an increased stake in Phillips 66 (NYSE:PSX).
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Credit Suisse Group Revisits Outlook On GameStop Corp. (GME) Stock, Remains Neutral GameStop Corp. (NYSE:GME) reported stronger-than-expected results for its second quarter of fiscal '15 (2QFY15) yesterday. The stock fell significantly following the release in after-hours and in day's trade yesterday. T...
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IRS needs to do more to fight income tax identity theft The new proposed regulations do not improve this situation at all.          
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Tell Us Which Companies Crushed It In Response to Security or Privacy Issues This Year Companies suffering security breaches or being alerted of vulnerabilities are nothing new, and to be honest, their responses are usually dismal. So much so that when I started poking around for names of businesses that h...
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Lovin' that McDonald's dividend? Well . . .

USA Today - 29 Aug 2015 12:32
Lovin' that McDonald's dividend? Well . . . Dividend increases aren't as certain as they have been in the past at the House of Ronald.          
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Obama defends Shell Arctic drilling decision

Business Insider - 29 Aug 2015 12:14
Obama defends Shell Arctic drilling decision Washington
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The Apple CEO's Monday morning e-mail to Jim Cramer, about "strong" business in China, leaves a sour taste.
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Funds shifted from technology to health care in the first half, and pared some leveraged trades in China.
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Profiting From a Hellish Market With Options

Barron's - 29 Aug 2015 07:36
The recent China-driven turmoil has spurred a spike in volatility. Investors can benefit by selling puts on quality stocks.
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Russia's Kaspersky threatened to 'rub out' rival, email shows (By Joseph Menn, Reuters) – In 2009, Eugene Kaspersky, co-founder of one of the world’s top security companies, told some of his lieutenants that they should attack rival antivirus software maker AVG Technologies by ...
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Will new technology translate into real-world gains? The stock market's gyrations during the last two weeks and the doubts they've raised about the strength of the U.S. economy have revived an old question about innovation and its influence on productivity: If we're really...
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Fosun International, the China investment firm led by billionaire Guo Guangchang, said Friday net profit in the first six months of the year soared by 97% to 3.6 billion yuan, or $563 mlllion, on the strength of investme...
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